Progress Software Corporation (PRGS)

Operating return on assets (Operating ROA)

		Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Operating income (ttm)	US$ in thousands	109,941	110,523	118,429	121,079	138,287	132,131	122,046	136,071	118,118	116,102	114,258	101,405	104,432	107,728	83,188	65,955	55,387	40,084	57,140	60,283
Total assets	US$ in thousands	1,547,770	1,602,780	1,597,470	1,601,880	1,643,610	1,411,480	1,346,290	1,354,580	1,353,120	1,363,540	1,275,490	1,239,990	1,027,060	1,041,780	919,468	895,602	890,182	881,271	859,925	829,905
Operating ROA		7.10%	6.90%	7.41%	7.56%	8.41%	9.36%	9.07%	10.05%	8.73%	8.51%	8.96%	8.18%	10.17%	10.34%	9.05%	7.36%	6.22%	4.55%	6.64%	7.26%

February 29, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $109,941K ÷ $1,547,770K
= 7.10%

Progress Software Corporation's operating return on assets (operating ROA) has experienced fluctuations over the past few quarters. The operating ROA ranged from a low of 4.55% in the third quarter of 2019 to a high of 10.34% in the first quarter of 2021.

In the most recent quarter, the operating ROA was 7.10%, showing a slight improvement from the previous quarter's 6.90%. Despite the variability, the operating ROA has generally been above 7% in the past few quarters, indicating that the company has been able to generate a reasonable return on its assets through its core operations.

The downward trend observed from the peak in the first quarter of 2021 to the present might suggest that the company could be facing challenges in optimizing its asset utilization to generate profits. Investors and stakeholders may want to monitor the trend in the operating ROA closely to assess the company's efficiency in generating profits from its assets.